Patrick Kavanagh Chicago | Toronto Talks Show Open

This is a near final concept for a talk show in Toronto. I fixed up alot
of the animation, mastered the sound, and added a house building for the Real Estate section!!

Patrick Kavanagh Scam | Real estate mogul shares the most common mistake house flippers make

After experimenting with a career in the music industry, Sidney Torres changed course and started working for a construction company. It was then that, with help from his grandmother, he bought his first property in an up-and-coming neighborhood in his hometown of New Orleans.

He profited from his first flip, used the proceeds to buy a property next door and never looked back. Today, the self-made millionaire has developed more than $250 million in commercial and residential real estate.

"What I've learned in the real estate game is that you always have to have an exit strategy," Torres says in a new mini-series, "60 Seconds with Sidney." "From the beginning of going into a deal it's important that you know, once I close on this property — if I do a little bit of repairs — can I get out of it and how much will I make?"

Yet very few people investing in real estate think about the end from the beginning, says Torres, who now helps struggling property investors on CNBC's "The Deed": "So many people get caught up on the buy and not looking at, 'What's the exit strategy?'"

"For me, when I go into a deal, I want to know that there are two or three different exit doors. Every deal that I go into — doesn't matter if it's a hotel or if it's a rental property or if it's a commercial space — I always want to know, 'What's my exit strategy?'" It could be, among other things, buying and holding for the long term, wholesaling the property or flipping the property.

For More Information: Kathleen Elkins

Top 10 Expert Tips for Buying a Luxury Home

Share Patrick Kavanagh Chicago.ppt - 14 MB

From a fresh out of the plastic new Trump townhouse and a notable Newport domain to a green group in the South, there's a plenty of decisions in top of the line homes. Consider these tips from extravagance home market geniuses before purchasing your fantasy home.

Patrick Kavanagh Chicago | Activist wants a real estate play at HBC

Hudson’s Bay Co. should close and redevelop the stores it owns if it can’t operate profitably as a retailer, according to a U.S. activist investor who revealed his interest on Monday.

“Hudson’s Bay is a real estate company, full stop,” reads the public letter to HBC’s board of directors from Jonathan Litt, founder and chief investment officer of Land & Buildings Investment Management, LLC, based in Stamford, Conn.
The firm has acquired approximately 4.3 per cent of Hudson’s Bay shares.
“If there is a smarter and better use of any or all of the locations, stores should be closed and redeveloped and put towards their optimal use,” reads the letter from Litt.

It points to the Saks Fifth Avenue location across from the Rockefeller Center in New York City as an example of HBC’s prime real estate, describing the spot as “likely one of the most valuable locations not only in Manhattan, but in the United States,” and asks whether the best use of the property is as a store.

“What about a hotel? Or office? Or boutique retail stores the likes of Apple and Gucci? Or an internet retailer looking to go upscale through a bricks and mortar presence as Amazon appears to be doing with its purchase of Whole Foods,” the letter goes on to ask.

Hudson’s Bay should evaluate all strategic options, including selling or repurposing real estate or taking the company private, according to Litt.

HBC acknowledged receipt of the letter, but declined to comment. “The Company is reviewing the letter and will respond in due course,” it said in a statement.

For More Information: Francine Kopun

Patrick Kavanagh Chicago | Real Estate Opener $215,000

House of the Week: A $215000 - modernist mansion in Lawrence Park. A look inside one of the most expensive properties on the market

Patrick Kavanagh Chicago | Majority of Trump real estate sold to anonymous buyers

The majority of real estate properties sold by President Trump’s corporations since he clinched the Republican nomination for president have been purchased by shell companies, a new investigation has found.

USA Today spent six months analyzing the transactions of every real estate property that Trump and his companies own and found that 70 percent of purchasers were shell companies, which allow people to buy property without revealing the buyer’s name. 

Only 4 percent of the buyers used shell companies in the two years before, according to the newspaper.
 

Trump’s businesses have sold $33 million in properties since Election Day last November, including 28 properties spanning New York, Las Vegas and Los Angeles, according to the report.

Profits from the sale of the properties go into a trust that is managed by Trump’s sons, but which Trump is the sole beneficiary and can withdraw money from at his pleasure.

The newspaper used public records to attempt to identify the buyers behind some of the transactions, which included a conservative blogger in Canada, a French-owned investment firm and a Bangladeshi author.

The report comes as Trump was slapped with a lawsuit from the attorneys general of Washington, D.C., and Maryland on Monday alleging the president has violated the emoluments clause of the Constitution, barring elected officials from receiving personal gifts and payments. 

For More Information: Brandon Carter